FRX Fortune River Resource Corp.

Fortune River Resource Corp. (the "Company") (TSX VENTURE:FRX)(FRANKFURT:RG7A)
reports that it has given notice to the holders ("Holders") of non-transferable
common share purchase warrants (the "Warrants") of the Company dated April 28,
2008 (and amended on February 11, 2009 and April 13, 2010) of the acceleration
of the expiry date of the Warrants to July 2, 2010. The original Warrant
exercise price of $0.40 per share was previously amended to $0.10 per share and
the original Warrant expiry date of April 28, 2010 was previously amended to
April 28, 2011.


The Notices to Holders of Warrants dated February 11, 2009 and April 13, 2010
provide that in the event that the closing price of the Company's common shares
on the TSX Venture Exchange is $0.135 or more for ten consecutive trading days
(the tenth such trading day being the "Determination"), the expiry date of the
Warrants will be accelerated to the thirty seventh calendar day following the
Determination (the "Accelerated Expiry Date"). The Company will forthwith on the
Determination immediately notify the Holder of Warrants of the Accelerated
Expiry Date. All Warrants not exercised by the expiration of the Accelerated
Expiry Date shall be deemed cancelled without further notice to the Holder. 


The Company's shares have traded at a closing price of $0.135 or more per share
for a period of ten consecutive trading days for the period beginning May 12,
2010 and ending ten consecutive trading days thereafter, namely May 26, 2010.
Notice has been given that the Company accelerates the date upon which the
Warrants will expire from April 28, 2011 to July 2, 2010 after which time the
Warrants will be void and of no value.


On behalf of the Board of Directors

Joseph A. Kizis, Jr., President and Director

Fortune River Resource Corp.

Fortune River Resource Corp. (TSXV:FRX)
Historical Stock Chart
From May 2024 to Jun 2024

Fortune River Resource Corp. (TSXV:FRX)
Historical Stock Chart
From Jun 2023 to Jun 2024